Need to keep your rental past your due date? At any time before your due date you can extend or purchase your rental through your account.

Sorry, this item is currently unavailable.

Summary

Copley and Engstrom'sEssentials of Accounting for Governmental and Not-for-Profit Organizations8e is best suited for those professors whose objective is to provide more concise coverage than is available in larger texts as well as for those professors whose objective is to prepare accounting majors for the uniform CPA Examination in the areas of state and local governmental accounting, accounting for not-for-profit organizations, governmental auditing, and taxation of exempt entities. This edition incorporates all of the FASB, GASB, and AICPA pronouncements passed since the last edition.

Table of Contents

Read more

Preface

vi

Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Organizations

1

(24)

Generally Accepted Accounting Principles

3

(4)

Objectives of Accounting and Financial Reporting

7

(2)

Objectives of Accounting and Financial Reporting for the Federal Government

7

(1)

Objectives of Financial Reporting by Not-for-Profit Entities

8

(1)

Objectives of Accounting and Financial Reporting for State and Local Governmental Units

8

(1)

State and Local Governmental Financial Reporting

9

(7)

Comprehensive Annual Financial Report

9

(2)

Measurement Focus and Basis of Accounting

11

(1)

Fund Structure for State and Local Government Accounting and Reporting

12

(2)

Number of Funds Required

14

(1)

Budgetary Accounting

15

(1)

Accounting for Capital Assets, Including Infrastructure

15

(1)

Accounting for Long-Term Debt and Other Long-Term Liabilities

16

(1)

Additional Resources

16

(9)

Overview of Financial Reporting for State and Local Governments

25

(43)

The Governmental Reporting Entity

26

(2)

Overview of the Comprehensive Annual Financial Report (CAFR)

28

(1)

Introductory Section

28

(1)

Financial Section

28

(28)

Auditor's Report

28

(1)

Management's Discussion and Analysis (MD&A)

29

(1)

Government-wide Financial Statements

30

(6)

Fund Financial Statements

36

(7)

Notes to the Financial Statements

43

(4)

Required Supplementary Information Other Than MD&A

47

(4)

Combining and Individual Fund Statements and Schedules

51

(5)

Statistical Section

56

(1)

Special-Purpose Governments

56

(1)

Public Colleges and Universities

57

(1)

Other Governmental Not-For-Profit Organizations

57

(11)

Budgetary Accounting for the General and Special Revenue Funds

68

(26)

Budgets as Legal Documents

69

(2)

Balance Sheet and Operating Statement Accounts

71

(1)

Budgets and Budgetary Accounts

71

(2)

Recording the Budget

73

(1)

Accounting for Revenues

74

(2)

Accounting for Encumbrances and Expenditures

76

(3)

Budget Revisions

79

(2)

Budgetary Comparison Schedule

81

(1)

Classification of Estimated Revenues and Revenues

81

(1)

Classification of Appropriations and Expenditures

82

(1)

AD Valorem Taxes

82

(12)

Accounting for the General and Special Revenue Funds

94

(38)

Accounting for Nonexchange Transactions

95

(2)

Classes of Nonexchange Transactions

95

(1)

Eligibility Requirements

95

(1)

Recognition Requirements for the Four Classes of Nonexchange Transactions